Tax cuts have undoubtedly become the main tone of China's fiscal policy this year. On March 25, at the "2018 Annual Meeting of China Development Forum", the new Minister of Finance Liu Kun once again emphasized his determination to reduce taxes this year, revealing that he will continue to adjust the VAT level to further stimulate the vitality of market entities and promote the development of the real economy. This is the official latest statement on "tax and fee reduction".
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